Tag Archives: money

ATM withdrawal limit raised from Rs. 4,500 To 10,000 a day,says RBI
16.01.17 - TEAM PT

The Reserve Bank of India on Monday increased the withdrawal limit from ATM's from Rs 4,500 to Rs 10,000 per day per card. However, the weekly withdrawal limit from banks remain at Rs 24,000 per week.

"The limit on withdrawals from ATMs has been enhanced from ...

PM Modi thinking of next generation, Rahul Gandhi of disrupting next Parliament session: Arun Jaitley
08.01.17 - TEAM PT

Ahead of the budget session of parliament, Union finance minister Arun Jaitley has attacked Rahul Gandhi, saying he is interested only in disrupting parliament. In his blog today on the ban on 500 and 1000 rupee notes announced on November 8, Mr Jaitley also used ...

President Mukherjee says demonetisation may lead to temporary slowdown of economy
05.01.17 - TEAM PT

In his first remarks after the 50-day deadline to deposit old notes lapsed on December 30, President Pranab Mukherjee on Thursday warned that Prime Minister Narendra Modi’s demonetisation drive may lead to a temporary slowdown of the economy. "Demonetisation, while immobilising black money and fighting ...

Demonetization a short-term pain, won't shy away from taking tough decisions: Modi
24.12.16 - TEAM PT

Prime Minister Narendra Modi on Saturday said that his government would not shy away from taking more tough steps to tackle black money, while speaking at the National Institute of Securities Markets (NISM) in Raigad.
Addressing a gathering, Modi said that the demonetization is a short-term ...

Modi prisoner of his image, doing TRP politics: Rahul Gandhi
02.12.16 - TEAM PT

Congress vice-president Rahul Gandhi on Friday tore into the BJP-led NDA government’s demonetisation and Kashmir policies and asserted that Prime Minister Narendra Modi based his entire policy making strategy on TRPs.

Addressing the Congress Parliamentary Party meeting in the Parliament House in the absence of his ...

Cash crunch will ease by year end: Arun Jaitley
02.12.16 - TEAM PT

Finance Minister Arun Jaitley said on Friday that the cash crunch that followed the scrapping of Rs. 500 and Rs. 1,000 notes would ease by December 30 with the release of new Rs. 500 and Rs. 2,000 notes.

Mr. Jaitley, however, said the amount of new ...

Demonetisation: Govt not planning to extend Dec 30 cut-off for cash deposits
29.11.16 - TEAM PT

Government today said sufficient cash is available with RBI and banks, and it is not considering extending the deadline of December 30 for deposit of invalid Rs 500 and Rs 1,000 notes. 

The statement was made in the Rajya Sabhaeven as people queued up at banks ...

Demonetisation: Usage of old Rs 500 notes extended till December 15.
24.11.16 - TEAM PT

The Centre on Thursday extended the usage of old Rs 500 notes for payment of public utilities bill till December 15, but people cannot exchange the banned notes any longer. Also, the Rs 1000 notes has been banned from public use from now on including ...

Toll Exemption on National Highways Extended Till December 2
24.11.16 - TEAM PT

To ensure smooth traffic flow and mitigate currency hardships, the government has further extended the date for toll exemption on national highways till the midnight of December 2.

The government said Rs 500 notes will be accepted at toll plazas on national highways from December 2 ...

Demonetization: Relief for farmers ahead of Rabi season, old currency can be used to buy seeds
21.11.16 - TEAM PT

Days after allowing farmers to make cash withdrawals up to Rs 25,000 per week against sanctioned crop loans, the Centre on Monday announced that they will now be allowed to use old high denomination notes for purchasing seeds. Farmers can now use old Rs 500 ...

Will India's tax evasion amnesty scheme curb 'black money'?
14.10.16 - Sanjoy Majumder*

Earlier this month, the Indian government announced that tens of thousands of people had taken advantage of a tax evasion amnesty scheme to declare more than $9.5bn (£7.3bn) in undisclosed incomes and assets.

It's being seen as a financial windfall for the government and also being ...




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